Bitcoin Price Forecast: BTC edges closer to all-time high as US-China trade deal cheers markets :

Bitcoin price stabilizes around $104,000 on Monday after rallying 10.44% the previous week.
Risk-on gains traction as the US and China agree to major tariff reductions for 90 days.
Metaplanet announces that it added 1,241 BTC worth $125.30 million on Monday, bringing its total holding to 6,796 BTC.
Bitcoin (BTC) price is stabilizing at around $104,000 at the time of writing on Monday after rallying 10.44% the previous week. Risk-on gains traction as the US and China agree to major tariff reductions for 90 days, which could fuel a price rally for risky assets like Bitcoin. Additionally, Metaplanet announces that it added 1,241 BTC worth $125.30 million on Monday, bringing its total holding to 6,796 BTC.
Risk-on sentiment soars as the US and China agree to major tariff reductions
On Monday, the US and China announced a 90-day tariff reduction agreement, dropping US tariffs on Chinese goods from 145% to 30% and China's tariffs on US goods from 125% to 10%, Bloomberg reports. The agreement follows weekend talks between the two countries in Geneva, Switzerland, led by US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer from the US side and by Vice Premier He Lifeng from the Chinese side.
Additionally, a trade deal between the US and the UK was announced on Thursday. This trade places a 10% tariff on goods imported from the UK to the US, while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater and faster access to US goods.
The easing of the tariff dispute between two major global economies (the US-China) and the UK sparks a risk-on sentiment in the crypto market, boosting investor confidence in riskier assets like Bitcoin, which is edging toward its all-time high of $109,588 set on January 20.
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